Franco Nevada Corp (FNV) Stock Rating Reaffirmed by TD Securities
Franco Nevada Corp (TSE:FNV)‘s stock had its “hold” rating reiterated by research analysts at TD Securities in a report issued on Wednesday. They currently have a C$77.00 target price on the stock. TD Securities’ price objective indicates a potential downside of 8.33% from the company’s current price.
Several other brokerages also recently issued reports on FNV. Royal Bank Of Canada reissued an “outperform” rating on shares of Franco Nevada Corp in a research report on Tuesday. National Bank Financial raised their price objective on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, July 13th. Canaccord Genuity lowered their price objective on shares of Franco Nevada Corp from C$105.00 to C$100.00 in a research report on Monday, October 24th. Desjardins raised their price objective on shares of Franco Nevada Corp from C$110.00 to C$115.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, CIBC raised their price objective on shares of Franco Nevada Corp from C$100.00 to C$110.00 in a research report on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$90.75.
Franco Nevada Corp (TSE:FNV) opened at 83.93 on Wednesday. Franco Nevada Corp has a 52-week low of $58.67 and a 52-week high of $105.69. The company’s 50 day moving average is $87.96 and its 200 day moving average is $91.99. The firm has a market cap of $14.95 billion and a P/E ratio of 248.31.
Franco Nevada Corp Company Profile
Franco-Nevada Corporation (Franco-Nevada) is a gold-focused royalty and stream company. The Company’s additional interests are in platinum group metals and other resource assets. The Company operates in the segment of resource sector royalty/stream acquisitions and management activities. The Company’s business model provides investors with gold price and exploration optionality.
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